Questions
Single choice
Question1 Xinyi has seen the value of the Euro change from $1.014 to $1.038 against the US Dollar in the last three months. In this case, the US Dollar has ___________________ and the Euro has ___________________. appreciated; depreciated depreciated; depreciated depreciated; appreciated appreciated; appreciated cannot determine without further information about other currency pairs ResetMaximum marks: 1 Flag question undefined
Options
A.appreciated; depreciated
B.depreciated; depreciated
C.depreciated; appreciated
D.appreciated; appreciated
E.cannot determine without further information about other currency pairs
View Explanation
Verified Answer
Please login to view
Step-by-Step Analysis
Start by identifying what the quoted exchange rate tells us. The price of 1 euro is given in U.S. dollars. If the euro price rises from $1.014 to $1.038, it costs more dollars to buy one euro than before, indicating that the U.S. dollar has weakened relative to the euro and the euro has stre......Login to view full explanationLog in for full answers
We've collected over 50,000 authentic exam questions and detailed explanations from around the globe. Log in now and get instant access to the answers!
Similar Questions
On May 5, 2023, you needed CHF 0.97 (Swiss Francs) to buy one US Dollar (USD). By May 4, 2024 the exchange rate was CHF 0.92 per USD. Based on this path of the exchange rate you conclude that the US Dollar [ Select ] depreciated stay roughly constant appreciated against the Swiss Franc in the last 12 months.
On May 5, 2023, you needed 7.1 (Turkish Lira) to buy one US Dollar (USD). By May 4, 2024 the exchange rate was 8.3 Turkish Lira per USD. Based on this path of the exchange rate you conclude that the US Dollar [ Select ] depreciated stay roughly constant appreciated against the Turkish Lira in the last 12 months.
Question19 Whilst Barbara was travelling in the US, she purchased the new iPhone 17 Pro at the airport for USD $1,299. Her CBA credit card charged her AUD $2,051.03, excluding any fees. The direct quote for the exchange rate applied by CBA is: AUD/USD 1.5789 USD/AUD 1.5789 AUD/USD 0.6333 None of the options are correct USD/AUD 0.6333 ResetMaximum marks: 1 Flag question undefined
Question33 Shakib views the following quotes from a dealer at Bank of America:JPY 121.35/USDKRW 931.88/USD He will be travelling from Korea (KRW) to Japan (JPY) soon and would like to know how much Japanese Yen he would be receiving per Korean Won. [4 marks] [input] Your response must be entered as a numerical value with 4 decimal places and excluding any currency signs. Maximum marks: 4 Flag question undefined
More Practical Tools for Students Powered by AI Study Helper
Making Your Study Simpler
Join us and instantly unlock extensive past papers & exclusive solutions to get a head start on your studies!